Fintech company Devlin + Brown has just announced that it is launching a new trading and investment platform Clarity. The firm led by Co-Managing Directors James Brown and Abdul K Faisali alongside Director of Trading Tom Llewelyn is launching with two trading platforms.
A standard MT4 offering is complemented with the company’s Clarity Trader platform, tailored from ACT’s current platform. The current focus of Clarity is on the UK retail market, the company is providing spreads starting from 0.6pips in FX, commodities and equity indices.
The brokerage is focusing on nurturing and educating clients as well as offering leverage of up to 1:100 on foreign exchange and up to 1:50 on commodities and indices. Going forward they will also be launching an institutional arm aimed at the global emerging markets.
Director of Trading Tom Llewelyn stated: “One of the key areas we have focused on aside from the tight spreads is education. We have a whole area of the site for new or junior traders with videos and tutorials aimed at explaining the financial markets, products and techniques required to trade successfully. This is drawn from our years of experience trading for large investment banks in the city, and is what really sets us apart from our competitors.”
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Traders will also gain access to the ‘News from the Pit’ market updates featuring commentary and views on the latest developments. As Clarity launches, phase one of the product roadmap is now complete with the company’s management promising additional features soon.
To provide its brokerage services, Clarity is working via a partnership with Sterling Gent Trading Ltd which also runs its own brand SGT Markets. Sterling Gent Trading Ltd is regulated in the British Virgin Islands. Tom Llewelyn goes on to state that “the brokerage is in the process of obtaining regulatory status on our own as well.”
The company is starting at a challenging time for the industry with a number of brokerages focused on the UK. The majority of the companies in the industry are worried about upcoming changes from the UK Financial Conduct Authority.
During the final days of 2016, the UK watchdog announced that it is proposing a cap on leverage for retail traders at 1:50 and 1:25 for broker clients that are inexperienced. Should the FCA continue on the path of tight regulation, it could force a lot of companies to regulate offshore, while continuing to target UK clients.